Goldman Sachs (GS) has updated their projections for mortgage rates. The bank now expects mortgage rates to rise to 7.1% by the end of 2023. That's up from its previous estimate of 6.6%. Yahoo Finance's Dani Romero discusses the forecast and why Goldman Sachs made the change. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The British chip designer drew big investor interest after it signed up 28 banks for its blockbuster IPO on 14 September this year.
Goldman Sachs BDC (GSBD) closed at $14.01 in the latest trading session, marking a -0.78% move from the prior day.